Coinbase Global (COIN) Stock Forecast & Price Target

$178.90

+0.73 (+0.41%)

(As of 09:16 AM ET)

Coinbase Global - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 18 Analyst Ratings

Sell
1

Hold
8

Buy
9

Based on 18 Wall Street analysts who have issued ratings for Coinbase Global in the last 12 months, the stock has a consensus rating of "Hold." Out of the 18 analysts, 1 has given a sell rating, 8 have given a hold rating, and 9 have given a buy rating for COIN.

Consensus Price Target

$246.06
37.54% Upside

According to the 18 analysts' twelve-month price targets for Coinbase Global, the average price target is $246.06. The highest price target for COIN is $345.00, while the lowest price target for COIN is $145.00. The average price target represents a forecasted upside of 37.54% from the current price of $178.90.

Get the Latest News and Ratings for COIN and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Coinbase Global and its competitors.

COIN Analyst Ratings Over Time

Type	Current Forecast 10/2/23 to 10/1/24	1 Month Ago 9/2/23 to 9/1/24	3 Months Ago 7/4/23 to 7/3/24	1 Year Ago 10/2/22 to 10/2/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	7 Buy rating(s)
Hold	8 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)	11 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	7 Sell rating(s)
Consensus Price Target	$246.06	$248.38	$215.50	$77.38
Forecasted Upside	37.54% Upside	35.46% Upside	-4.20% Downside	2.75% Upside
Consensus Rating	Hold	Hold	Hold	Hold

PANIC IN THE BANKS: 63 on the Brink of Collapse (Ad)

63 banks are on the edge, drowning in $517 BILLION of unrealized losses. Interest rates are skyrocketing, and these institutions are cracking under the pressure.

Click Here To Get Your FREE Guide Now!

COIN Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

COIN Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Coinbase Global Stock vs. The Competition

Type	Coinbase Global	Business Services Companies	S&P 500
Consensus Rating Score	2.44	2.66	2.50
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	38.11% Upside	319.44% Upside	6.15% Upside
News Sentiment Rating	Neutral News See Recent COIN News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/6/2024	Barclays 3 of 5 stars	B. Budish Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underweight ➝ Equal Weight	$206.00 ➝ $169.00	+5.82%
8/6/2024	Compass Point 5 of 5 stars		Lower Target	Buy ➝ Buy	$325.00 ➝ $295.00	+55.70%
8/5/2024	Needham & Company LLC 2 of 5 stars		Reiterated Rating	Buy ➝ Buy	$260.00 ➝ $260.00	+27.18%
8/2/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$320.00 ➝ $320.00	+56.63%
8/2/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$263.00 ➝ $246.00	+18.73%
8/2/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$280.00 ➝ $280.00	+31.68%
Get the Latest News and Ratings for COIN and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Coinbase Global and its competitors with MarketBeat's FREE daily newsletter.
8/2/2024	HC Wainwright Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$315.00 ➝ $295.00	+38.73%
7/23/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Christiansen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$260.00 ➝ $345.00	+30.12%
7/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$255.00 ➝ $215.00	-3.38%
5/8/2024	Singular Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Engel Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy
5/3/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$200.00 ➝ $250.00	+12.42%
5/3/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$276.00 ➝ $282.00	+23.25%
5/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$230.00 ➝ $240.00	+4.87%
4/18/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$80.00 ➝ $200.00	-10.83%
4/12/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$225.00 ➝ $245.00	-6.85%
4/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underperform ➝ Underperform	$84.00 ➝ $145.00	-44.87%
3/15/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$95.00 ➝ $150.00	-37.11%
3/12/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Market Perform
7/12/2023	Atlantic Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$70.00 ➝ $80.00	-10.26%
5/15/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$55.00	-9.49%
5/8/2023	Daiwa Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$58.00 ➝ $65.00	+11.61%
5/5/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$40.00 ➝ $43.00	-12.64%
3/24/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Market Perform ➝ Underperform	$36.00	-45.70%
2/22/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$35.00 ➝ $60.00	-10.10%
2/16/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$55.00 ➝ $60.00	-13.47%
1/5/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$36.00	-4.51%
12/12/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight ➝ Sector Weight
11/4/2022	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$220.00 ➝ $110.00	+97.13%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:33 AM ET.

Should I Buy Coinbase Global Stock? COIN Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, September 24, 2024. Please send any questions or comments about these Coinbase Global pros and cons to contact@marketbeat.com.

Coinbase Global
Bull Case

Here are some ways that investors could benefit from investing in Coinbase Global, Inc.:

Strong Institutional Ownership: 68.84% of the company's stock is owned by institutional investors, indicating confidence in the company's future growth potential.
Positive Analyst Ratings: Several analysts have issued buy ratings for Coinbase Global, with a consensus price target of $246.06, suggesting optimism about the stock's performance.
Recent Stock Price Dip: The current stock price of $147.35 presents a potential buying opportunity for investors looking to enter at a lower price point.
Market Outperform Rating: JMP Securities reaffirmed a "market outperform" rating for Coinbase Global, projecting strong performance compared to the market.
Revenue Growth: Coinbase Global reported a revenue increase of 104.8% year-over-year, indicating strong business growth and potential profitability.

Coinbase Global
Bear Case

Investors should be bearish about investing in Coinbase Global, Inc. for these reasons:

Analyst Price Target Reductions: Some analysts have lowered their price targets for Coinbase Global, indicating potential concerns about the company's future performance.
Earnings Miss: Coinbase Global reported an earnings per share (EPS) of $0.14 for the quarter, significantly below analysts' consensus estimates of $1.07, raising questions about profitability.
Market Volatility: The cryptocurrency market is known for its high volatility, which can lead to significant price fluctuations in Coinbase Global's stock.
Competition: Coinbase Global faces increasing competition in the cryptocurrency exchange sector, which could impact its market share and profitability.
Debt-to-Equity Ratio: The company has a debt-to-equity ratio of 0.51, indicating a certain level of financial leverage that may pose risks in uncertain market conditions.

COIN Forecast - Frequently Asked Questions

: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Coinbase Global is $246.06, with a high forecast of $345.00 and a low forecast of $145.00.
: 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Coinbase Global in the last twelve months. There is currently 1 sell rating, 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" COIN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in COIN, but not buy additional shares or sell existing shares.
: According to analysts, Coinbase Global's stock has a predicted upside of 37.54% based on their 12-month stock forecasts.
: Over the previous 90 days, Coinbase Global's stock had 2 upgrades by analysts.
: Coinbase Global has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, Citigroup, Compass Point, HC Wainwright, JMP Securities, Needham & Company LLC, and The Goldman Sachs Group in the past 90 days.
: Analysts like Coinbase Global less than other "business services" companies. The consensus rating for Coinbase Global is Hold while the average consensus rating for "business services" companies is Moderate Buy. Learn more on how COIN compares to other companies.

Stock Forecasts and Research Tools

Related Companies:

Today's Ratings:

Top Rated Stocks:

More Ratings Tools:

CRUSHED: How Biden's Replacement Will Devastate Your 401(k)! (Ad)

Kamala Harris isn't just playing politics; she's a serious threat to your financial security. Kamala has a plan to take over your money and leave you with nothing. Higher taxes, government control, and a digital dollar to track every penny you spend. This isn't about convenience; it's about CONTROL.

>> Get Your FREE Wealth Protection Guide <<

This page (NASDAQ:COIN) was last updated on 10/1/2024 by MarketBeat.com Staff

From Our Partners